LG Display Correlations

LPL Stock

USD 4.37 0.14 3.31%

The current 90-days correlation between LG Display and Twin Disc Incorporated is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LG Display moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LG Display Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LG Display Correlation With Market

Weak diversification

The correlation between LG Display Co and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LG Display Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LPL Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LG Display Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with LPL Stock

0.95	000938	Unisplendour Corp	Pair Corr
0.85	300333	Sinosun Tech	Pair Corr
0.72	ARW	Arrow Electronics	Pair Corr
0.91	300296	Leyard Optoelectronic	Pair Corr
0.62	VSH	Vishay Intertechnology	Pair Corr
0.9	301379	Techshine Electronics	Pair Corr
0.83	ZBRA	Zebra Technologies	Pair Corr
0.85	300184	Wuhan PS Information	Pair Corr
0.88	IMTE	Integrated Media Tec	Pair Corr
0.81	KULR	KULR Technology Group	Pair Corr
0.94	LINK	Interlink Electronics	Pair Corr
0.75	300852	Sihui Fuji Electronics	Pair Corr
0.76	SNT	Sabien Technology	Pair Corr
0.7	688538	Everdisplay Optronics	Pair Corr
0.88	300657	XiaMen HongXin Electron	Pair Corr

Moving against LPL Stock

0.75	BHE	Benchmark Electronics	Pair Corr
0.32	301123	YiDong Electronics	Pair Corr
0.8	000829	Telling Telecommunicatio	Pair Corr
0.58	300076	Ningbo GQY Video	Pair Corr
0.5	601231	Universal Scientific	Pair Corr
0.45	TTG	TT Electronics Plc	Pair Corr

Related Correlations Analysis

	TWIN	NVX	SPCE	ALTG	PAMT	POWW	SLND	GENC	FC	NPWR
TWIN		-0.36	-0.3	-0.24	0.49	0.28	-0.11	-0.26	0.22	-0.4	TWIN
NVX	-0.36		0.66	0.8	0.21	-0.73	0.53	0.73	0.62	0.76	NVX
SPCE	-0.3	0.66		0.55	-0.2	-0.39	0.3	0.44	0.39	0.65	SPCE
ALTG	-0.24	0.8	0.55		0.28	-0.66	0.8	0.82	0.74	0.84	ALTG
PAMT	0.49	0.21	-0.2	0.28		-0.19	0.17	0.17	0.58	-0.04	PAMT
POWW	0.28	-0.73	-0.39	-0.66	-0.19		-0.56	-0.67	-0.47	-0.71	POWW
SLND	-0.11	0.53	0.3	0.8	0.17	-0.56		0.78	0.34	0.78	SLND
GENC	-0.26	0.73	0.44	0.82	0.17	-0.67	0.78		0.48	0.83	GENC
FC	0.22	0.62	0.39	0.74	0.58	-0.47	0.34	0.48		0.37	FC
NPWR	-0.4	0.76	0.65	0.84	-0.04	-0.71	0.78	0.83	0.37		NPWR
	TWIN	NVX	SPCE	ALTG	PAMT	POWW	SLND	GENC	FC	NPWR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NPWR	+ 0.84	ALTG
NPWR	+ 0.83	GENC
GENC	+ 0.82	ALTG
ALTG	+ 0.8	NVX
SLND	+ 0.8	ALTG
GENC	+ 0.78	SLND

High negative correlations

POWW	- 0.73	NVX
NPWR	- 0.71	POWW
GENC	- 0.67	POWW
POWW	- 0.66	ALTG
SLND	- 0.56	POWW
FC	- 0.47	POWW

Risk-Adjusted Indicators

There is a big difference between LPL Stock performing well and LG Display Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze LG Display's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TWIN	1.83	0.20	0.11	0.26	1.84	(2.02)	4.46	(2.88)	10.06
NVX	5.70	0.39	0.06	0.38	6.52	(7.24)	15.63	(10.75)	56.77
SPCE	3.95	(0.35)	0.00	(0.08)	0.00	0.00	6.72	(7.90)	27.80
ALTG	2.83	(0.45)	0.00	(0.10)	0.00	0.00	6.44	(4.75)	14.16
PAMT	2.50	0.09	0.03	0.17	3.02	(2.86)	6.06	(5.36)	17.24
POWW	2.49	0.07	0.04	0.13	2.99	(2.79)	5.59	(4.71)	14.96
SLND	3.45	(0.76)	0.00	(0.20)	0.00	0.00	5.73	(8.04)	25.27
GENC	1.67	(0.20)	0.00	(0.07)	0.00	0.00	4.23	(3.80)	10.72
FC	2.16	(0.14)	0.00	(0.37)	0.00	0.00	4.46	(5.20)	15.18
NPWR	4.46	(0.86)	0.00	(0.16)	0.00	0.00	7.97	(10.06)	38.73

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